We’ve reached the end of what’s been an exciting journey through a handful of Tracer’s Perpetual Pools novel use-cases. The Tracer Voyage has concluded, and we’d like to thank all of our community members who participated in the milestone. We’ve chosen to put an early end to the Voyage so that we can focus on new and exciting developments in our ecosystem - which we’re eager to announce soon. Here’s a short summary of the Voyage.

What we explored

Voyagers kicked off the journey exploring V2 island. We showed you what’s new with V2 as the minimum order size for positions was removed, more predictable value transfers allowed for better hedging, and longer-term holding with SMA pricing and mint fees was introduced. Read more about Phase #1 here.

Next, we set sail and landed at Real World Island, where traders were provided with access to non-liquidatable leveraged long and short tokenised positions on the price of Oil. This opened up the possibilities of what’s to come with real world asset markets on-chain, as more efficient hedging strategies for all sorts of assets and risks will be unlocked. Read more about Phase #2 here.

Lastly, we made our way to Balancer where the composability of Tracer’s tokenised leverage positions was highlighted. Pool tokens can be fully distributed throughout the DeFi economy, and trading them on decentralized exchanges such as Balancer is just the tip of the iceberg; fungible ERC20s as a leveraged position open a world of opportunity. Read more about Phase #3 here.

The Tracer Voyage NFT

Voyagers who participated in at least 2 of the 3 phases and collected the POAPs are eligible for the Voyage NFT. The Voyage NFT is an indication of your interest and dedication to Tracer’s Perpetual Pools V2 launch, and we congratulate all Voyagers who are eligible for the NFT. The Tracer Voyage NFT will be airdropped to all eligible recipients over the coming weeks. Further announcements will be made in the Discord surrounding this drop.

Note: In order to be eligible for the POAPs for each phase, voyagers had to take a long or short position in the market highlighted and complete a short quiz linked within each announcement article released.

Staying Involved

The Voyage is over, but there’s more updates coming to our community very soon. We’re excited to be releasing a new derivative product for traders. We can’t say much yet, but we’ll be dropping a new tool for users to manage their risk through leveraged positions with a variety of new markets. Announcements will be made in the coming month. Stay up to date with these announcements via our Twitter, and speak with the team and community in the Discord.